Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$15.00 at CIBC

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target lifted by equities research analysts at CIBC from C$14.00 to C$15.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 30.43% from the stock’s current price.

Several other research analysts also recently commented on the stock. Scotiabank lifted their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. BMO Capital Markets upped their target price on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Desjardins lifted their price target on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Raymond James upped their price target on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday. Finally, National Bankshares increased their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chemtrade Logistics Income Fund currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.57.

Chemtrade Logistics Income Fund Stock Down 0.9 %

CHE.UN stock opened at C$11.50 on Monday. The stock has a 50-day simple moving average of C$10.86 and a two-hundred day simple moving average of C$9.86. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The firm has a market capitalization of C$1.34 billion, a PE ratio of 10.45 and a beta of 1.50. Chemtrade Logistics Income Fund has a twelve month low of C$7.77 and a twelve month high of C$11.69.

About Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.